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I have an executed contract to purchase a leasehold of a…

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I have an executed contract...
I have an executed contract to purchase a leasehold of a 50,000 SF retail space in a shopping strip in Houston TX for $1,000,000.00. The original ground-lease: base 25-year term ending in Feb. 2018, and four 5-year renewal option at pre-determined rent rate, if executed, will extend the lease to Feb. 2038. I will need to know for sure that the original ground-lease, by legal means, will be extended to me as the new leasehold owner.
Submitted: 2 years ago.Category: Real Estate Law
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Answered in 2 minutes by:
2/3/2016
Real Estate Lawyer: Richard, Lawyer replied 2 years ago
Richard
Richard, Lawyer
Category: Real Estate Law
Satisfied Customers: 56,897
Experience: 32 years of experience as lawyer in Texas. I'm also a Real Estate developer.
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Good afternoon. My name is ***** ***** I look forward to helping you.

Can you provide me a bit more information? Does the ground less allow the assignment of the leasehold? Does it require the consent of the owner? Is the owenr willing to provide such consent? Thanks.

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